Frequently Asked Questions
Maybe you have a few questions. That’s okay; most people do. So here’s a quick collection of some of the questions people ask us… along with our answers. If you still have a question, don’t hesitate to contact us (or give us a call) and we’ll be happy to answer it for you.
Q: Will you be listing my house on the MLS or actually buying it?
A: Great question. We’re not agents, and we don’t list houses. We are professional home buyers: We buy houses Peoria that meet our purchasing criteria. From there we may repair the house and resell it to another homeowner or keep it as a rental ourselves.
Q: Do you pay fair prices for properties?
A: Many of the houses we purchase are below market value (we do this so we can resell it at a profit to another homeowner). We are looking to get a fair discount on a property. However, in our experience, many sellers aren’t necessarily expecting a large “windfall” on the property but rather appreciate that we can offer cash, we close very quickly (no waiting for financing), and no time or effort or expense is required on your part of fix up the property or pay agent fees. If that’s what you’re looking for and you see the value in getting your house sold fast… let’s see if we can come to a fair win-win price. (Besides, our no-obligation pricing commitment means that you do not have to move forward with the offer we give… but it’s good to know what we’re offering!)
DOWNLOAD our free guide that walks you through the Pros and Cons (plus the cost and timeline) of selling your house to a real estate investor… plus learn the pros, cons, and costs of the other two alternatives… listing with an agent or selling it yourself.
Q: How do you determine the price to offer on my house?
A: Great question, and we’re an open book: Our process is very straightforward. We look at the location of the property, what repairs are needed, the current condition of the property, and values of comparable houses sold in the area recently. As you know, house values have taken a huge hit in the last 5 years and most areas still haven’t seen prices come back up. We take many pieces of information into consideration… and come up with a fair price that works for us and works for you too.
Q: Are there any fees or commissions to work with you?
A: This is what makes us stand out from the traditional method of selling your house: There are NO fees or commissions when you sell your house to us. We’ll make you an offer, and if it’s a fit then we’ll buy your house (and we’ll often pay for the closing costs too!). No hassle. No fees. We make our money after we pay for repairs on the house (if any) and sell it for a profit (we’re taking the risks here on whether we can sell it for a profit or not, once we buy the house from you… the responsibility is ours and you walk away without the burden of the property and its payments… and often with cash in your hand).
Q: How are you different from a real estate agent?
A: Real estate agents list properties and hope that someone will buy them. The agent shows the properties to prospective buyers if there are any (the average time to sell a property in many markets right now is 6-12 months) and then take a percentage of the sale price if they find a buyer. Oftentimes, the agent’s commission is 3-6% of the sale price of your house (so if it’s a $100,000 house, you’ll pay between $3,000 – $6,000 in commissions to an agent). Agents provide a great service for those that can wait 6-12 months to sell and who don’t mind giving up some of that sale price to pay for the commissions. But that’s where we’re different: We’re not agents, we’re home buyers. Our company actually buys houses. We don’t list houses. Since we’re actually the one buying the house from you, and we pay with all cash… we can make a decision to buy your house within a couple of days (sometimes the same day). Again, we make our living by taking the risk to buy the house with our own cash, repair the house, and market it ourselves to find a buyer (which is the hard part in this market).
Q: Is there any obligation when I submit my info?
A: There is absolutely zero obligation for you. Once you tell us a bit about your property, we’ll take a look at things, maybe set up a call with you to find out a bit more, and make you an all-cash offer that’s fair for you and fair for us. From there, it’s 100% your decision on whether or not you’d like to sell your house to us… and we won’t hassle you, won’t harass you… it’s 100% your decision and we’ll let you decide what’s right for you.
Q: Are you the same company as “We Buy Houses” or “We Buy Ugly Houses?
A: No; while we do buy houses and we do buy ugly houses, we are in no way affiliated with either of those national companies. We are a local We buy houses Peoria team of professional real estate investors that works with local contractors, bankers, and property managers to solve real estate problems in our community. We are long-term and in some cases lifetime residents of the Peoria area so we are usually very familiar with your home location and are usually in a better position to actually purchase and close a sale in our Peoria area than many of the larger We Buy Houses or We Buy Ugly Houses franchises.
Q: Do you only buy houses?
A: We are interested in purchasing all types of real estate including single-family houses, duplexes, multi-unit properties, commercial buildings, small and large apartment complexes, condos, town homes, raw land, mobile homes, and even mobile home parks.
Q: Do you pay finder’s fees if I help you find a property to buy?
A: Absolutely. We pay finders fees when you bring us real estate deals. In some cases, we will pay up to $1,000. Contact us directly to discuss the terms.
Q: There is a vacant house on our block. Should I contact you?
A: Absolutely! We can locate the owner and make them an offer to buy the property. If we purchase the house it will be quickly fixed up and increase your property value and that of your neighbors! As we mentioned We buy houses Peoriateam of professionals is local and many of us are lifetime Peoria area residents so we take pride in our community and like you want to see vacant homes and downtrodden neighborhoods within Peoria and the surrounding areas restored to their previous status.
Q: Who sells houses or investment property to you?
A: All types of people! Those who are: trying to sell with an agent with no results; wanting to avoid real estate commissions; inheriting a property; landlords tired of dealing with renters; needing to sell quickly due to divorce; title issues; facing a job transfer; owners behind on payments or dealing with foreclosure; people with neglected houses in need of too much repair; neighbors who live next to vacant houses and want them fixed up; and many more reasons. Anyone who wants to deal with a reliable, reputable, honest Peoria-based company who puts integrity above profits and is willing to go the extra mile to ensure a quick closing and no hassles. Regardless of the type of real estate people are selling, the one thing they usually have in common is the need to sell their house quickly to a qualified home buyer who can ensure a fast, hassle-free closing.
Q: Do you pay finder’s fees if I help you find a property to buy?
A: Absolutely. We pay finders fees when you bring us real estate deals. In some cases, we will pay up to $1,000. Contact us directly to discuss the terms.
Q: Where do you buy houses?
A: We buy houses anywhere but primarily in Central Illinois because we are from this area. We have recently purchased real estate in Peoria, East Peoria, Peoria Heights, West Peoria, Germantown Hills, Metamora, Washington, Morton, Dunlap, Brimfield, Pekin, Sunnyland, Creve Coeur, and Chillicothe.
Q: Who are you?
A: We are a local Peoria-based team of professional investors and contractors who work together to provide solutions for those burdened by real estate. We purchase property with the intention to rent, re-sell, or lease-option.
Q: Are there any fees for you to give me a price to buy my house?
A: No! We do not charge any fees to make you an offer or to buy your house. And if we do buy your house there are no real estate commissions, house inspection fees, or repair and cleaning costs.
Q: Do you pay finder’s fees if I help you find a property to buy?
A: Absolutely. We pay finders fees when you bring us real estate deals. In some cases, we will pay up to $1,000. Contact us directly to discuss the terms.
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Get the FREE Guide and then give us a call at (309) 256-4548 and we’ll discuss what your home is worth and what we can offer to buy it for with our Cash Offer Program.